NAICS 926 - Administration of Economic Programs
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Related NAICS Codes for NAICS 926
Click on any NAICS code to explore that specific industry within NAICS 926
| NAICS Code | Industry Title |
|---|---|
| 9261 | Administration of Economic Programs |
What is NAICS 926
NAICS code 926, Administration of Economic Programs, encompasses government establishments primarily engaged in managing and overseeing economic initiatives and policies. This sector includes the administration of programs aimed at economic development, financial assistance, trade promotion, and regulatory activities intended to support and stimulate economic growth. Businesses and agencies operating in this sector typically provide specialized expertise in economic policy implementation, program management, and compliance monitoring to ensure effective public service delivery.
Government agencies contract for these services to leverage external expertise, ensure transparency, and enhance the efficiency of economic program administration. Contractors may support program evaluation, data analysis, outreach efforts, and compliance audits, all crucial for the successful execution of economic initiatives. This NAICS code plays a critical role in shaping economic policies and providing frameworks for sustainable economic development.
Government agencies contract for these services to leverage external expertise, ensure transparency, and enhance the efficiency of economic program administration. Contractors may support program evaluation, data analysis, outreach efforts, and compliance audits, all crucial for the successful execution of economic initiatives. This NAICS code plays a critical role in shaping economic policies and providing frameworks for sustainable economic development.
Industry Classification for NAICS 926
The Administration of Economic Programs subsector groups government establishments primarily engaged in the administration of economic programs.
Breakdown for NAICS 926
- Focuses on government entities administering economic development and assistance programs.
- Includes management of grant programs, financial aid, and regulatory economic policies.
- Supports both federal and state-level economic program administration.
- Typical contract sizes range from small program support to large multi-year projects.
- Emphasizes transparency, accountability, and outcome-based program management.
Included Activities for NAICS 926
- Managing economic assistance and grant programs.
- Conducting policy analysis and economic impact studies.
- Monitoring compliance with economic program regulations.
- Providing financial oversight and auditing services.
- Developing and implementing economic development strategies.
- Supporting trade promotion and export assistance initiatives.
- Performing program evaluation and performance measurement.
- Engaging stakeholders and conducting outreach activities.
Business Types for NAICS 926
- Economic consulting firms
- Program management contractors
- Financial auditing and compliance specialists
- Policy research organizations
- Management consulting firms specialized in government programs
- Nonprofit organizations supporting economic development
Government Buyers for NAICS 926
Federal agencies such as the U.S. Department of Commerce, Small Business Administration, Department of Treasury, and state economic development offices are primary buyers of services in the Administration of Economic Programs sector. These agencies require contractors to assist with program management, policy analysis, financial oversight, and stakeholder engagement to effectively administer economic assistance, grant programs, and regulatory frameworks. Contracting supports agencies in meeting statutory requirements, ensuring accountability, and adapting programs to evolving economic conditions.
Contract Types & Procurement for NAICS 926
Contracts in this sector commonly include fixed-price, cost-reimbursement, and time-and-materials agreements, depending on the complexity and scope of the program. Procurement methods often involve competitive bidding, Requests for Proposals (RFPs), and Indefinite Delivery Indefinite Quantity (IDIQ) contracts. Typical contract values range widely—from smaller-scale program support contracts under $500,000 to multi-year, multi-million-dollar agreements supporting extensive economic initiatives nationwide.
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